SOURCE:  FARM POLICY NEWS, UNIV. OF ILLINOIS, 6/21/22

Bloomberg writers Tarso Veloso Ribeiro and Elizabeth Elkin reported late last week that, “The fertilizer shortage that threw the agricultural sector into disarray and pushed food costs higher globally may be fading. “Crops across the world are dependent on nutrients from Russia, one of the biggest exporters, and the invasion of Ukraine four months ago roiled markets for the crucial chemicals. Ultimately, prices soared so high that farmers halted buying — and now the market has flipped.

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